Exhibit 99.1 Enphase Energy Reports Financial Results for the Second Quarter of 2024 FREMONT, Calif., July 23, 2024 - Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. ® We reported quarterly revenue of $303.5 million in the second quarter of 2024, along with ...

FREMONT, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $303.5 million in the second quarter of 2024, along with 47.1% for non-GAAP gross margin. We shipped 1,402,602 microinverters, ...

The solar industry was once a beacon of growth and optimism, but now it is facing a cloudy forecast. Investor sentiment has shifted, leading to a decline in solar stocks. Despite the long-term potential of clean energy, several headwinds have cast shadows on the sector's near-term prospects, raising concerns for investors about the future trajectory of these companies.Get Enphase Energy alerts:Macroeconomic Clouds Darken the Solar IndustrySeveral macroeconomic factors are casting a shadow on the solar indus ...

Enphase Energy (ENPH) is scheduled to release second-quarter 2024 results on Jul 23, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $309.2 million, implying a 56.5% decline from the year-ago quarter's reported figure. The consensus mark for second-quarter earnings is pegged at 49 cents per share, suggesting a 66.7% decline from $1.47 reported in the prior-year quarter. The bottom-line estimate has dropped 5.8% in the past 60 days.Image Source: Zacks Investment ResearchAlso, ...

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Enphase To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Enphase between December 12, 2022 and April 25, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/ENPH.NEW YORK, July 19, 2024 /PRNewswire/ -- Faruqi & Fa ...

Renewable energy, commonly referred to as green energy, is big business. The global renewable energy market was worth an estimated $1.21 trillion in 2023, and the sector is projected to grow by 17.2% annually through 2030. This growth is being powered by an increasing number of solar, wind and bio-energy companies.Developing and expanding green energy sources is important as society tries to wean itself off fossil fuels believed to cause climate change. As the earth warms and we contend more with severe sto ...

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Enphase Energy, Inc. (NASDAQ: ENPH) between December 12, 2022 and April 25, 2023, both dates inclusive (the “Class Period”), of the important July 29, 2024 lead plaintiff deadline. SO WHAT: If you purchased Enphase Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...

Impressive solar installations in the United States, along with near-term projections reflecting a similar growth trend in 2024, should bode well for U.S. solar stocks. However, California’s net billing transition, high interest rates as well as China’s dominance in solar panel manufacturing (leading to price decline) may keep hurting their near-term prospects. Nevertheless, benefits from the Inflation Reduction Act (IRA) should continue to be a notable growth catalyst for U.S. solar stocks. One may keep Fi ...

FREMONT, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the launch of its most powerful Enphase® Energy System™ to-date, featuring the new IQ® Battery 5P™ and IQ8™ Microinverters, for customers in Luxembourg. The new Enphase Energy System with the IQ Battery 5P offers a significantly improved experience for homeowners and installers. It enables ...

FREMONT, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the launch of its most powerful Enphase® Energy System™ to-date, featuring the new IQ® Battery 5P™ and IQ8™ Microinverters, for customers in Luxembourg. The new Enphase Energy System with the IQ Battery 5P offers a significantly improved experience for homeowners and installers. It enables ...